The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-05-17
SELLING TO sYNDICATES
Several Tracts of Land Near the City
Bought by Investment Companies.
More Suburban Lots Sold at Greatly In
creased Prices-ThirtyFo Transfers Yes
terday, Aggregating $59. 457 in Value.

| market began to show signs OF unusual activity
! and since that time there has been a steady in
| crease IN the number of sales and the amount of
| consideration. A real estate man who
has watched the market closely is of
the opinion that outlets desirable for
homes or manufacturing purposes have increased
in value from % to 40 per cent, while the aver
age advance on city property has been about 10
| per cent These are low estimates, for in few
| instances outside property has advanced much
| over 100 per cent The demand is still for out
lots. chiefly. and those who have farms that
have not been subdivided are busy plating them
for the market. There might be more inside
property sold if it was on the market Compar-
ativsly few desirable residences for sale, and
| those who desire to invest compelled to seek
| suburban property. An increased number of
foreign buyers were in the city yesterday. They
are here to invest freely, and quite number of
pure bases were made yesterday, the papers for
winch did not reach the recorders office 1t is
SAID by those who pretend to know,
that half million dollars from Findlay. o.,
is here seeking investment Six thousand dol
lars of the amount was put into nine acre
tract at the northwest corner of Garfield Park.
yesterday. The land was purchased of Andrew
Smith. The money is in the hands of a syndi-
case which operated successfully at Findlay for
several months. John H9fgen also sold to
syndicate six-acre tract near the Belt railroad.
between Meridian and Union streets, for SIS. 600.
Much ground has been secured in the vicinity of
the land sold by syndicate which proposes to
add large extension the city, and petition
for the running Of Union street on to the Belt
The throng of buyers and sellers around the
recorders Office yesterday larger than
usual. and more spirit displayed than on
any Monday morning since the boom began
Many deeds are delayed several days after the
transfer is made, because the abstract men can
not keep up with their work. number of law
firms are doing little but abstract business. but
even with their assistance the dealers cannot be
arc O6ot cd he lfn<p nff hn H.
stract men have been doubled, and they would
give employment to many more men if they
could find competent persons. A month ago
one clerk was employed in the re-
corder's Office. Now five kept busy
from o'clock in the morning
til IL and y r., o'clock at night
the number of deeds recorded yesterday.
Among the transfers were several strips of land
conveyed to the Panhandle railroad on their
right of way east of Irvinetou. The total
amount paid by them was $l1O0O. Another
Woodruff Place lot that sold last week for
$1,000 brought 81, 700. Quite number of lots
in Bruce Place brought $500 each Ovid ID.
Butler sold lot in Buffers addition to Levi
Ritter for 81. $50. Some sales of Irvineton prop
erty were recorded, and several more Brookslde
lots changed hands at advanced price. The
deeds recorded were as follows:
Brainard Rorison toThe Chicago. st. L. &
F. Railroad Company strip of land in
the northeast quarter of section IL,
township 5 north range east $66495
Horace R. Allen to The Chicago. st. L. 81
p. Railroad Company, strip of land in
township Is north of range east. - 2,o47.5o
William Z. johnson to The Chicago. st.
l.. q F. Railroad Company. strip OF
land in the northeast quarter of section
IL, township j 3 north, of range east 100000
Charles L. Wilson to The Chicago. st. l..
& T. Railroad Company, strip of land
in the northeast quarter of section Il,
township 10 north of range cast 1,ooooo
The Connecticut Mutual Life Insurance
Company to Chicago ST. L. & p Rail
road, part of the northeast quarter of
section IL, township 10 north Of range ao
y O.S4
Herman E. Frazer to Chicago, St. L. &P
Railroad Company. strip of land in
= township Is north. of range east. 10000
John H. Coffee to Andrew Fleming. lots
2 and Is. in Sharpes subdivision, in
Mary Meadows to,Elizabeth Meier lot Is
in NJ. E. Downie's second subdivision of
part Of outiot 1o2 in indianapolis -. 100000
William S. Thompson to Ella Deford, part
of the southwest quarter of the north
west quarter of section %, township ,oo 40
David Wallace to James W. Morris, lot
81, in woodruff Place 100000
James b. Fred to John W. Fred par. of
the north half of the east half of the
northwest quarter of section z, town
ship 16 north, range east containing
Albert r. oimsted to William G. Van Ars-
ton to indianapolis. 100000
Ovid D. Butler to Levi Ritter. part of lot
ner. in Indianapolis se $4,000
Vincent Carter to Moses G. McLain, lots
IL. II and Is in Nuteing, jr.s, subdi-
vision of A. E. Fletcher's second Brook.
side addition to Indianapolis. 10000
The Indiana Insurance COMPANY to Vim
Carter. same tract last above.-----. 5O2.S3
James B. Curtis to hartford D. Youtz, lot
Indianapolis OBSERVATION-DISCLOSURES. 1,O25.oo
John R: Marot to ". j. Bremen, part of
lot 1 in square 90 in James P. brakes
William Hadley to Albert G. Porter, lot
% in Ruckle & Hamiin s subdivision of
Johnson's heirs addition to Indianap
Mary Carter to Louise Muhlemann. lot "a
block %. iu North INDIANAPOLIS 900
Henry G. Adams, assignee to John R.
Leonard, 10 lots in s. K. Fletchers
south Brookside addition to Indianapo-
The Pennsylvania Company to Michael
Clune, lots 1 and in the Pennsylvania
Company s addition to indianapolis 10000
and 21S in johnson & Hogshires East
Washington-street addition to Indianap-
Samuel Pursel to Rachel Colvin lot Is in
Rucke & Hamlins subdivision, in
100000
of lot l. in Irvngton ------..-.. 100000
Edward NJ Carr and wife to Charles
Meadows, lot 10 in Lynch subdivision
Brookside addition to Indianapolis 10000
Scot Butler and wife to Thomas A. jeff
rev. part of lots SO and "a in Buffers
ner in Indianapolis 10000
Charles A. Dryer. trustee. to Ellen Bunt-
ing, lot "a in Ketcham Place in Haugh-
B. Hormsdas vanier to Henry Pope lot o
Is. in Mobiles subdivision of part of
outot 45. etc. in Indianapolis. 100000
The Citizens National Bank to Anne J.
ton n.-.e1' :. WV so... 10000
William c. Smock commissioner to E. G.
Atkins & Co., lot 26 in square 95 in
Indianapolis. Observation-Disclosures 100000
Cynthia Butsch to E. C. Atkins & Co.,
lots "a and % in Grith's subdivision
of square 95. in Indianapolis. -----.--- u, 100000
William Wallace receiver, to Thomas J.
Trusler, lots 1. g and 4, in Munson's
subdivision of Hanway s. Hannas Oak
Hill addition to Indianapolis. $500
Margaret S. Dunlap to Jane NJ. Dunlap,
part of lot TO- IL square 3d. in Indian
Abner r. Hyde to Robert H. Cover, lots
139 40 and 141, in Newell's subdi-
vision of part of North Place addition to